Eden Prairie's Supervalu Execs to Share $23 Million

Posted at: 01/28/2013 3:57 PM
Updated at: 01/28/2013 3:58 PM
By: Maricella Miranda

A handful of Supervalu executives are likely to receive golden parachutes when they leave their jobs as part of the company's recent sale.

Four executives from the Eden Prairie-based grocer likely will share nearly $23 million when they leave the company, Bloomberg reported Monday.

New York-based Cerberus Capital Management, a private investor group, agreed to acquire Supervalu’s Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market grocery stores.

The transaction, announced earlier this month, valued at about $3.3 billion.

More information about the sale can be found on Cerberus' website here.

Photo courtesy of Bloomberg.

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